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South Korea Tourism Report Q2 2016

  • February 2016
  • -
  • Business Monitor International
  • -
  • 27 pages

Includes 3 FREE quarterly updates


BMI View:
South Korea's tourism market will continue to grow healthily in the next five years, despite initial fears that the MERS outbreak of May 2015 may damage it. The government is promoting effectively a tourism market that caters well for both leisure holidays and business travellers (MICE) in search for tourist attractions in between conferences. Along with the approaching 2018 Winter Olympics, these should create significant opportunities for the development of the hotel sector, which remains under-developed to this day. Meanwhile, the increase in the number of tourist arrivals, especially from the Asia Pacific, will continue to drive up international tourism receipts value.


Key Updates And Forecasts
- International, low-cost air connections continue to expand, with the launch of the following additional routes: Eastar Jet to Japan, T'way air to Macau, Jeju Air to Vietnam and Jin Air to Honolulu.
- Overall, tourism market is expected to expand rapidly over the forecast period, with total arrivals set to reach over 17.6mn by 2019.
- The healthy increase in tourist arrivals will continue to drive up international tourism receipts value, at an average rate of 7.8% per year, reaching USD36.9bn by 2019.

Table Of Contents

South Korea Tourism Report Q2 2016
BMI Industry View ... 5
Table: Key Forecasts (South Korea 2013-2020) . . 5
SWOT 7
Tourism ... 7
Industry Forecast 8
Table: Inbound Tourism (South Korea 2013-2020) . 12
Table: Tourism Receipts (South Korea 2013-2020) . 13
Table: Hotel Accommodation (South Korea 2013-2020) . . 16
Table: Tourist Departures and Consumption (South Korea 2013-2020) . 17
Industry Risk/Reward Index . 18
Table: Asia Tourism Risk/Reward Index . 18
Rewards ... 19
Risks 19
Market Overview ... 20
Competitive Landscape 22
Domestic Hotel Groups ... 22
Table: Domestic Hotel Groups . 22
International Hotel Groups .. 23
Table: International Hotel Groups 23
Methodology .. 24
Industry Forecast Methodology 24
Risk/Reward Index Methodology ... 25
Table: Weighting Of Indicators . 27

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